LatAm List – Kushki, a leader in payments processing in Latin America, recently closed a Series A led by DILA Capital, along with participation from Kaszek Ventures, Magma Partners, Clocktower Ventures, and Conexo. This investment will help the startup accelerate its regional expansion.
Kushki offers clients an integrated payments platform for physical stores, e-commerce, and m-commerce. The startup’s API standardizes the ecosystem’s fragmented payments landscape, including credit and debit cards, bank transfers, and cash networks with over 300,000 physical points of payment.
“Kuskhi’s capability to offer a multichannel payments process in real-time that has social media integration for today’s mobile consumer is impressive,” commented Eduardo Clavé, DILA Capital’s Managing Partner.
The startup currently operates in Ecuador, Chile, Colombia, Mexico, Peru, and the US in a variety of sectors.
“We’re pleased to keep supporting Kushki’s team, led by experts in the payments market, as they continue to satisfy the needs of a growing payments sector in Latin America,” said Nathan Lustig, Managing Partner at Magma Partners.
Kushki’s services can be a solution to the physical limitations brought upon the population due to the COVID-19 outbreak that restrict access to payment options.
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